Install SQL Server 2008 R2 on Server 2012 - Database Engine Service Failed!

Hello all,

Attempt of installing SQL Server 2008 R2 on Server 2012, Windows 8 failed with the errorWait on the Database Engine recovery handle failed. Check the SQL Server log fo potential causes, then under installation progress  Database Engine Services Failed

- Couple things to note:

• When running the setup, got message: This program has compatibility issues Microsoft SQL Server (2008 and 2008 R2) Microsoft. Get Help Online takes you in never land....
•  Setup support rules gave me two warnings:

- Computer domain controller

- Windows Firewall.

• Re-installed SQL again, the same error occurred. Performed a slipstream installation of SQL Server 2008 R2 + SP2 and same error occurred
• Section from the log:

Detailed results:
  Feature:                       Database Engine Services
  Status:                        Failed: see logs for details
  MSI status:                    Passed
  Configuration status:          Failed: see details below
  Configuration error code:      0x4BDAF9BA@1306@24
  Configuration error description: Wait on the Database Engine recovery handle failed. Check the SQL Server error log for potential causes.
  Configuration log:             C:\Program Files\Microsoft SQL Server\100\Setup Bootstrap\Log\20140210_104347\Detail.tx

.

Any ideas why this is happening? If i get SQL 2008 R2 SP2, will that install with no problem?

Thank you in advance for your help!

Cristodul